Which of the Following Is Not Correct

question 140

Multiple Choice

Which of the following is not correct?

• A)Antitrust laws may prevent mergers that would actually raise social welfare.
• B)Public ownership is the most common public policy toward monopolies in the United States.
• C)Regulation is a common strategy for a natural monopoly.
• D)Sometimes the best public policy toward a monopoly may be to do nothing.

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Definitions:

Obsolete Inventory

Inventory that is no longer sellable because it is out of date, out of fashion, or has become technologically redundant.

Unusual

Refers to events or transactions that are infrequent, unexpected, or uncommon in the normal course of business operations.

Infrequent

Occurring or happening rarely or at wide intervals.

Extraordinary Item

An unusual or infrequent event that is not part of the normal activities of a business and must be reported separately in the financial statements.